The least expensive basement waterproofing methods include grading soil away from your home, installing downspout extenders on your gutter system, and applying a waterproof paint on the interior of the foundation walls. Installing a French drain is a relatively inexpensive method if you do the work yourself, although it’s labor-intensive and can be challenging to install properly.

You should take care of any sign of water in your basement, whether it’s dampness after heavy rain or puddles of water on the floor. Besides potentially causing a health hazard, the moisture can damage your home’s structure and foundation. Furthermore, mold can grow quickly and spread throughout the rest of your home. With mold remediation costs ranging between $1,200 and $3,400, it’s best to avoid mold issues by fixing the leak.

A sump pump's lifespan is typically 7 to 10 years, though the general range can be anywhere from 5 to 15 years. The specific type of pump is a major factor: pedestal sump pumps last an average of 20 to 25 years, whereas submersible sump pumps last between 5 and 15 years. While pedestal pumps are less expensive to service, they are also louder and more prone to clogging.

Several other factors influence longevity, including the pump's quality, usage frequency, and maintenance schedule. A high-quality pump that is well-maintained in a dry climate may last for two decades, while a lower-quality, poorly maintained pump in an area with a high water table or frequent flooding may fail in six years or less.

Regular maintenance, including annual inspections and tuneups from a professional, can significantly extend the pump's life. It is time to consider a replacement if your sump pump runs constantly, cycles frequently, shows visible rust or corrosion, or trips a circuit breaker. As a preventative measure, many homeowners replace their pumps every eight years. It's also worth noting that a manufacturer's warranty can indicate expected lifespan, and some home insurance policies may not cover water damage from a pump that is past its recommended replacement date.

There are several things you can do to maintain your sump pump and prevent sump pump problems. For instance, keeping a lid on your sump pit goes a long way in protecting your pump system from silt, sand, dirt, and other debris. When water drains from the outside, such as along your foundation, or with melting snow, water runoff often brings sediment with it. 

Also be wary of corrosion, particularly if your sump pump system is made of metal. Keep an eye out for rust and have it inspected regularly by a plumber or sump pump technician.